Bruno Schroder and his family – the significant shareholders in the FTSE 100 asset management firm that carries their name – remain among the wealthiest financiers in the UK this year despite a £490m drop in their estimated fortune, according to the annual Sunday Times Rich List.

Schroders’ share price has fallen by 23% in the 12 months to April 27, cuttng the value of the family’s stake. Their combined holding in the firm is worth £1.35bn, according to the Sunday Times. Schroders’ market capitalisation was £3.85bn at the close of trading on April 27.

Property and the sale of Schroders’ merchant banking business in 2000 give the family an estimated combined wealth of £1.97bn, according to the Sunday Times. They rank at number 34 of the richest 1,000 people In Britain.

An aviation enthusiast who owns a Scottish estate, Schroder, 79, is a non-executive director of the asset manager. He was first appointed as a director in 1963, according to the firm’s website.

He is the great, great grandson of Johann Heinrich Schroder, co-founder of the Schroders business in 1804, and has held a number of positions at the firm in Hamburg and London.

The Fleming family, the banking dynasty whose Robert Fleming Holdings was sold to Chase Manhattan Bank for £4.5bn in 2000, is also highly-ranked among financiers in the annual Rich List with an estimated fortune of £1.5bn.

Other prestigious banking families, including the Hambros, Hoares and Rothschilds also make the list. Nat Rothschild is ranked as the wealthiest of his dynasty by the Rich List with an estimated fortune of £1bn.

Meanwhile, Alan Howard, the co-founder of hedge fund Brevan Howard, is the wealthiest individual financier named in the Rich List.

Barclays’ Bob Diamond ranks at 718th in the list with an estimated personal fortune of £105m, while Santander UK chief executive Ana Botin comes in at 989th with an estimated fortune of £72m.

Several names known in the City of London fall into other categories under the Sunday Times ranking, including Joe Lewis, currency trader and owner of Tottenham Hotspur. He places 21st in the rankings with an estimated fortune of £3bn.

Richard Branson, who recently acquired Northern Rock from the UK Government to firmly establish his Virgin Money retail banking operation, also appears high on the list. Branson, who is more commonly known as an entrepreneur, places 16th with an estimated fortune of £3.4bn.

Other wealthy financiers include Arsenal backer Alisher Usmanov, who ranks second in the list with an estimated fortune of £12.3bn, and the Reuben brothers, who are ranked eighth with an estimated fortune of £7.1bn.